|
Simple
Combined Daily Breakout System - Hans 123
(2007 Result:+2546 pips)
This forex trading strategy has been
developed by Hans Van Der Helm from the
Netherlands. The rules of the system can be found directly at
strategybuilderfx.com, click rules below. Below, we have kept a
detailed track of this system since January 1st, 2007.
Rules
Simple Combined Breakout
System for EUR/USD and GBP/USD
-
Determine the 06.00 CET – 10.00 CET High Low on
EUR/USD and GBP/USD
-
Determine the 10.00 CET – 14.00 CET High Low on
EUR/USD and GBP/USD
-
Set BuyStop at High + 5 pips and SellStop at
Low - 5 pips for both timeframes and both currencies
-
Set Target Price at entry + 80 pips for EUR/USD
and entry + 120 pips for GBP/USD
-
Set StopLoss at entry - 50 pips for EUR/USD and
entry - 70 pips for GBP/USD. If the other side of the breakout
is within 50 pips for EUR/USD or within 70 pips for GBP/USD
then the StopLoss will be that level (Longtrade: SL = Low
range - 5 pips = SellStop; Shorttrade: SL = High range + 5
pips = BuyStop)
-
Move the SL to breakeven after a gain of 30
pips for EUR/USD and a gain of 40 pips for GBP/USD
-
If a certain position is taken and price turns
agains you and it breaks the other side of the breakout
channel then turn. If the breakout channel is broader then the
stoploss first the stoploss will be hit. If the breakout
channel is narrower then the stoploss then hitting the other
side means that you have to turn your position. There is only
one turn per time frame possible. This rule is a result of all
previous rules. You can skip this rule if you want.
-
At 24.00 CET all orders expiring and close all
trades at market. On Friday we do the same at 23.00 CET
All the orders, fills, and
results can be verified on the chart.
Finally, I think everyone
who trades this system, including me, owes Hans Van Der Helm for
sharing such a great system with us.
|
